RentDataNowRentDataNow
ZIP Code · NJ

ZIP 08823

Pop. 8,884·Somerset County·94th most expensive ZIP in New Jersey
Median rent (all units)
$2,673/mo
Year-over-Year
Stable
Month-over-Month
+8.9%
vs US Median
+$708
Rising (Monthly)
Be the first to discuss 08823 rents ↓
Most AffordableMost Expensive
ZIP 08823 · $2,673
More expensive than 84% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$2,180
1 BR
$2,390
2 BR
$3,000
3 BR
$3,600
4 BR+
$3,980
Research median
$3,000/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: June 22, 2026

Annual cost
$32,076/yr
At $2,673/mo median
Location
StateNJ
CountySomerset County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +8.9% MoM), not inventory.
Demographics

Who lives here

ZIP 08823 (Franklin Park, NJ) is majority owner-occupied, has a median income above the national average, 59.1% of residents hold a bachelor's degree or higher.

Population
8,884
Median income
$115,597
Median age
39.1
Renters
28.3%
Age distribution
17.7%
26.5%
26.7%
14%
15%
Under 1817.7%
18–3426.5%
35–5426.7%
55–6414%
65+15%
Gender
46.2%
53.8%
Male46.2%
Female53.8%
Race & ethnicity
19.1%
12.9%
16.8%
44.9%
White19.1%
Black12.9%
Hispanic16.8%
Asian44.9%
Other6.4%
Education (25+)
22.5%
59.1%
No HS diploma6.9%
HS diploma11.5%
Some college22.5%
Bachelor's+59.1%
Housing tenure
71.7%
28.3%
Owner71.7%
Renter28.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 08823 in Franklin Park, NJ has changed in 5 years

Income
$96,110 → $115,597
up 20.3%
Population
9,071 → 8,884
down 2.1%
Renter share
30.7% → 28.3%
-2.4 pts
Bachelor's+
60.4% → 59.1%
-1.3 pts
Median age
35.4 → 39.1
+3.7 yrs

On the earnings side, the typical household in ZIP 08823 in Franklin Park, NJ now reports about $115,597, up from $96,110 in 2021. Headcount in the area went from 9,071 to 8,884 between 2021 and 2024, a 2.1% change. About 28.3% of households rent today, against 30.7% in 2021.

Community

Discussions about ZIP 08823

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 08823

About renting in ZIP 08823

Last updated: June 22, 2026

ZIP code 08823 covers Franklin Park, NJ. The median rent here is $2,673/mo as of June 2026. A 1-bedroom rents for a median of $2,390/mo. A 2-bedroom rents for a median of $3,000/mo.

At 28% of local median household income ($115,597/yr), ZIP 08823 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08823?

As of June 22, 2026, the median monthly rent in ZIP 08823 (Franklin Park, NJ) is $2,673. This is based on aggregated data from public sources and community submissions.

How does ZIP 08823 rent compare to the US average?

ZIP 08823's median rent of $2,673/mo is $708 (36%) above the US national median of $1,965/mo.

How does ZIP 08823 compare to other ZIPs in New Jersey?

ZIP 08823 falls in the middle range for New Jersey, ranking #94 out of 213 ZIPs at $2,673/mo.

How much income do you need to rent in ZIP 08823?

To keep rent at or below 30% of gross income, you would need to earn at least $107,000/year (~$51/hour full-time) to afford the median rent of $2,673/mo in ZIP 08823. The local median household income is $115,597/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 08823?

Rent in ZIP 08823 has been relatively stable over the past year, with a 0.0% change year over year as of June 22, 2026.

Is ZIP 08823 an affordable place to rent?

ZIP 08823 is considered affordable for renters. At $2,673/mo, rent takes approximately 28% of the local median household income ($115,597/yr). The standard benchmark is 30%. ZIP 08823 falls comfortably within that range.

What percentage of ZIP 08823 residents rent vs. own?

According to Census data, approximately 28.3% of ZIP 08823 households are renters, while 71.7% are owner-occupied. ZIP 08823 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08823 compare to the rest of Franklin Park?

ZIP 08823 sits right at the Franklin Park citywide median of $2,673/mo.

When was rent data for ZIP 08823 last updated?

Rent data for ZIP 08823 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $2,673/mo, rent takes ~28% of ZIP 08823's median household income ($115,597/yr). The standard benchmark is 30%.

ZIP 08823 28%Benchmark 30%
State income tax1.4–10.75%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 08823 (Franklin Park, NJ)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.